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New Deal


Announced

Botswana to acquire a 24% stake in HB Antwerp.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For24%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

diamonds

Minority

Specialty Contracting

Friendly

Single Bidder

gem trader

Cross Border

Acquisition

Private

Belgium

Synopsis

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Botswana, an African state, agreed to acquire a 24% stake in HB Antwerp, a gem trader. Financial terms were not disclosed. “It’s a strategic partnership, it will add more value to Botswana not just in terms of price or money, but empowering the people of Botswana,” Rafael Papismedov, HB Antwerp Co-Founder.

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